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With Activist Win at Kohl’s, Legion Brings Home Gains

The California hedge fund is focused on turning around retailers.

Legion Partners refuses to believe retailing is dead, and is being rewarded for its efforts.Coming off a successful activist play at Kohl’s, the California hedge fund gained 15.6 percent during the first quarter, according to a letter to investors that Institutional Investor has obtained.Kohl’s contributed 7.8 percent of the first quarter’s

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